⚖️Celsius Aims To Recover $100 Million From Users Who Withdrew Funds Before Bankruptcy Celsius is hoping to claw back $100 million from its users via legal action. The bankrupt CeFi lender filed legal action against users who withdrew assets from the platform in the 90 days leading up to its collapse.

Celsius suing former customers for withdrawing before bankruptcy declaration Celsius Network filed a lawsuit in New York against thousands of its users, especially those who withdrew their funds up to 90 days before the platform declared bankruptcy. The company is now looking to claw back the withdrawals at current market rates (far exceeding the amount at time of withdrawal).

On May 20, the Turkish Ministry of Defense issued a statement on the 20th local time, saying that Turkish security forces killed three members of the Kurdistan Workers' Party in the area of "Operation Claw Lock" and the Hakuk area in northern Iraq.

On November 17, Luca Netz, CEO of NFT project Pudgy Penguins, said that Pudgy Penguins will launch two different arcade games in 2024, one of which is a crane machine.

FTX's Court Filing Reveals Payments to Celebrities Made Under Former CEO Sam Bankman-Fried A court filing from FTX reveals details of marketing and sponsorship deals made under former CEO Sam Bankman-Fried, including payments to celebrities and organizations. The filing acknowledges that the listed payments may not be exhaustive and it is unclear how much can be recovered. FTX has attempted to claw back funds from various sources, including venture capital firm K5 Global and Bankman-Fried himself.

U.S. Senator Elizabeth Warren wants to claw back bonuses paid to bank executives whose alleged mismanagement of risk contributed to the recent banking crisis. Warren asked whether bank executives would return the $60 million they earned after imposing weaker controls. She said it was wrong for others to pay for the high-stakes activities executives used to enrich themselves. Silicon Valley Bank executive Gregory W. Becker reportedly made $40 million after Congress allowed the bank to take more risk. In addition, the bank ignored 17 warnings from the Federal Reserve on liquidity risk management, weak governance, capital planning, etc., because Becker was suspected of enriching himself. Becker confirmed that since 2019, he has earned $40 million. Warren also asked Scott Shay, the former chairman of Signature Bank, if he would return the $20 million he made. The bank's alleged disregard for liquidity problems led to a $2.5 billion bailout by the Federal Deposit Insurance Corporation (FDIC). Shay said he has no plans to return the money. Sen. Lummis also accused Shay of blaming regulators and digital asset depositors for the bank’s liquidity crisis in March. Depositors withdrew money from Silicon Valley Bank and Signature Bank after Silvergate Bank collapsed. Both banks sold securities at huge losses to create liquidity for withdrawals. (BeInCrypto)